Delaware Strategic Fund

The Delaware Strategic Fund represents the primary funding source used by DEDO to provide customized financial assistance to businesses. For businesses considering locating in the State of Delaware, financial assistance may be provided in the form of low interest loans, grants, or other creative instruments to support the attraction of businesses that pay sustainable wages. Assistance terms are negotiated specific to each firm's individual needs and situation. The Delaware Strategic Fund also represents the primary funding source used by for SBIR Bridge Grants and Brownfield Grants.

The process for obtaining Strategic Fund assistance requires completing an Application for Financial Assistance. Competition for the limited amount of funding available each year is strong and approval is not automatic. Applications are first reviewed by the DEDO Internal Investment Committee and if approved will be presented at a meeting of the CDF. Should the CDF recommend financial assistance from the Strategic Fund; a formal agreement will be prepared for execution. This agreement will contain business terms plus a customized recapture provision based on forecasted jobs and minimum salary requirements determined by location.

For further information on starting the application and review process, please contact Sanskriti Inamdar at (302) 672-6855 or by email at Sanskriti.Inamdar@state.de.us.

Applications for the Strategic Fund are available at right with and without Personal Financial Statement (PFS) sections.